The U.S. Is Broke!
- Debt scares once again resurface with US public debt at historically high levels and entitlement spending set to increase further.
- Some argue the US is basically broke. We will try to show that many of the arguments used are exaggerated and show you a country that should be much more broke, yet is thriving nevertheless.
- While not waving concerns about US public debt entirely, we think private sector debt is actually a much bigger risk, given the fact that it has caused most financial crisis.
Source: The U.S. Is Broke! | Seeking Alpha
Tags: Public sector deficits and debts